[Idemitsu Kosan Co., Ltd.] Submitted offshore wind power generation development plan for Snorre oil field to the Norwegian government

Idemitsu Kosan Co., Ltd. Submitted offshore wind power generation development plan for Snorre oil field to the Norwegian government The world’s first trial: Development of a floating offshore wind power generation facility directly connected to oil and gas production facilities …………………………………………………………………………………………… Idemitsu Snorre Oil Development Co., Ltd. * 1 (Headquarters: Chiyoda-ku, Tokyo; President: Jun Miki), a subsidiary of the Company (headquarters: Chiyoda-ku, Tokyo; president: Shunichi Kito) is a Norwegian subsidiary Idemitsu Petroleum Norge * 2 (Idemitsu Petroleum Norge AS (President: Hiroshi Arikawa) has submitted to the Norwegian government a development plan for the introduction of floating offshore wind power generation in the Snorre oil field * 3, which has interests. In the future, we plan to construct a floating offshore wind power plant for the start of operation in the second half of 2022, and then assemble it in the Gulen district in western Norway and install it on the ocean. This development plan is an offshore wind farm (named: Hywind Tampen floating wind farm) consisting of 11 8,000 KW floating offshore wind power generation facilities (total 88,000 KW), located approximately 200 km offshore in Bergen, western Norway. This is the world’s first attempt to connect to an oil and gas production facility. The generated power will be supplied to the Snorre oil field (9.6% interest rate) in which the Company holds interests through Idemitsu Petroleum Norge and the nearby Galfax oil field. The floating offshore wind power plant uses a proven concept called Equinol’s Hywind, and the Norwegian government has decided to subsidize part of the development costs. [Image 1

Image of offshore wind power generation project (provided by Equinol) The realization of this development plan will reduce carbon dioxide emissions from gas turbine power generation currently used in the oil and gas production facilities in the area by approximately 200,000 tons per year for the entire development plan (approximately 35% of electricity can be regenerated) Can be replaced with energy). In the future, we will continue to actively introduce advanced technologies to promote the reduction of environmental impact in the resource business. * 1 Capital structure: Idemitsu Kosan Co., Ltd. 50.5%, Osaka Gas Summit Resources Co., Ltd. 49.5% * 2 Capital structure: Idemitsu Snorre Oil Development Co., Ltd. 100% * 3 Overview of Snorre Oil Field [Image 2

Snorre Oil Field Overview


For more information about this release(Japanese):
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